Yield curve recession indicator flashes red as 10-
Post# of 35809
(Total Views: 241)
Posted On: 03/22/2019 6:00:02 PM
Yield curve recession indicator flashes red as 10-year yield falls below 3-month yield
The yield curve as measured by the spread between the 3-month Treasury bill and the 10-year note inverted for the first time since 2007, following a sharp rally in longer-dated notes. The spread between the two maturities stood at around negative 3 basis points. On Friday, the 10-year note yield fell nearly 10 basis points to 2.434%, while the 3-month bill was down a single basis point to 2.462%, Tradeweb data show. Bond prices move inversely to yields. The last nine times the yield curve has inverted, a recession has followed, according to the San Francisco Fed.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
(0)
(0)